Guangzhou Parking Space Prices Exceed 1.1 million RMB

Guangzhou Parking Space Prices Exceed 1.1 million RMB
Guangzhou National Development and Reform Commission has released the province’s 2015 Pricing Catalogue, which has set the prices of residential and commercial parking spaces, causing many to become “for sale not rent”. Spaces can be found in the Yuexiu district with price tags between over 1.1 million and 750,000 RMB, which were previously were rentable for 500 RMB/month. With space costs being many times higher than what a typical car is worth, one netizen suggested it would be better to pay the 50 RMB/day illegal parking fee.
Source:
Netease

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  • A Gawd Dang Mongolian

    You’re paying for a spot to place your car, not a 3 bedroom, 2 story house.

    Is the lot built out of pure gold?

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